Residential & Mixed Use

The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.

Finance & Capital Markets
Developer of 629-unit Jersey City rental property lands $160 million perm loan

The developer of more than 600 new apartments in Jersey City’s West Side neighborhood has refinanced the property for $160 million, in a transaction arranged by Progress Capital.

People
Diversified Properties taps Matarazzo as new CFO

Diversified Properties has announced the hiring of a new chief financial officer.

Residential & Mixed Use
Veris Residential names head of sustainability, ESG amid release of new report

Veris Residential Inc. has named a new senior vice president and head of sustainability and environmental, social and governance, as it unveils a report detailing its progress in those areas since the real estate investment trust rebranded and revamped its platform.

Residential & Mixed Use
Preleasing underway at 38-unit luxury rental building in Jersey City

A developer has launched preleasing at a new boutique apartment building in Jersey City, adding to the growing stock of luxury rentals in the historic Bergen-Lafayette section.

Residential & Mixed Use
Bloomfield apartment building trades for $3.7 million, Hudson Atlantic says

A private buyer has purchased a 22-unit apartment building in Bloomfield for $3.65 million, according to a brokerage team with Hudson Atlantic Realty.

Retail
New Jersey real estate projects, people take center stage at annual ULI gala (PHOTOS)

Commercial real estate industry leaders gathered recently to celebrate a host of projects and individuals as part of the Urban Land Institute of Northern New Jersey’s annual awards gala.

Residential & Mixed Use
Construction underway for 357 luxury apartments in Plainfield

A developer has broken ground on what will be nearly 360 apartments in downtown Plainfield, in a project valued at more than $100 million that is among the city’s largest to date.

Finance & Capital Markets
Developers ink $97 million construction loan for 336-unit rental project in Jersey City

A joint venture has locked in nearly $97 million in financing to build a new 336-unit luxury apartment building in Jersey City, in a deal arranged by BlueGate Partners LLC.

People
Continental adds former top Weichert executive to lead development pipeline

Continental Properties has tapped a former longtime Weichert executive to help guide and grow its development pipeline in the region.

Residential & Mixed Use
PEEK Properties eyes launch of leasing at new 50-unit apartment building in Orange

PEEK Properties has all but completed the first of three new apartment buildings in Orange, bringing 50 units to market as it looks ahead to the remaining phases.